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Selected Financial Data for Barnstable Company Appear Below -For Year 2,what Was the Gross Margin as a Percentageof

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Selected financial data for Barnstable Company appear below:
 Year 2  Year 1  Sales  (in thousands)   Operating Expense $1,500$1,200 Interest Expense $450$400 Cost of Goods Sold $75$30 Dividends Declared and Paid $900$720\begin{array}{|l|r|r|}\hline & \text { Year 2 } & \text { Year 1 } \\\hline \text { Sales } & \text { (in thousands) } & \\\hline \text { Operating Expense } & \$ 1,500 & \$ 1,200 \\\hline \text { Interest Expense } & \$ 450 & \$ 400 \\\hline \text { Cost of Goods Sold } & \$ 75 & \$ 30 \\\hline \text { Dividends Declared and Paid } & \$ 900 & \$ 720 \\\hline\end{array}

-For Year 2,what was the gross margin as a percentageof sales?

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